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Street Insider, December 18, 2018
Street
Insider, December 18, 2018
Dresner Partners Advised A.L.P. Lig
CHICAGO, Dec. 18, 2018 (GLOBE NEWSWIRE) --Dresner Partners, a leading FINRA-registered, middle-market investment bank headquartered in Chicago, is pleased to announce that it advised A.L.P. Lighting Components (A.L.P.) in the sale of its plastic extrusion business to longtime supplier and partner, Plaskolite, LLC. The sale included A.L.P.’s extruded smooth and patterned lighting sheet and extruded profile lens product lines, as well as select related manufacturing equipment. Terms of the transaction were not disclosed.
A.L.P. is an international leader in the design, manufacturing, and distribution of lighting components and components for other technical industries. The company offers the industry’s most comprehensive line of products for OEMs and the aftermarket. For proprietary projects, its unique “360° Solutions” suite of custom services enable collaboration with customers at every stage of a product’s life cycle. A.L.P.’s core commitment is to provide superior service and product performance to every customer. More information on A.L.P. can be found atwww.alpadvantage.com.
Founded in 1950 in Columbus, Ohio, by Donald G. Dunn and family, Plaskolite, LLC is the largest North American manufacturer of thermoplastic sheet products. Plaskolite’s customized products are used in a wide variety of applications, including windows, doors, lighting, signs, point-of-purchase displays, transportation, security and bath products. Plaskolite serves a diverse customer base including distributors, OEMs and retailers. More information on Plaskolite can be found atwww.plaskolite.com.
“We would like to thank the entire Dresner Partners team including Steve Dresner, Paul Hoffman, Brian Schofield, Wes Decatur, and Eric Vaubel for their dedication in completing this transaction. Their talent and hard work led to a timely, positive transaction,” said Steve Brown, CEO of A.L.P. “The sale of these assets to Plaskolite enhances A.L.P.’s ability to build on its market leadership in other product areas and to invest in growth opportunities for the future.”
“This transaction resulted in a win-win for A.L.P. and Plaskolite, creating a compelling catalyst that will provide significant benefits to both parties and their respective customers,” said Paul Hoffman, Managing Director at Dresner Partners.
“We are pleased to continue our long-term relationship with A.L.P.,” said Steven M. Dresner, President of Dresner Partners. “We enjoyed every aspect of working with this high quality company.”
About Dresner PartnersDresner Partners is a FINRA-registered, middle-market investment bank headquartered in Chicago, with offices in New York City, Boston, Fort Lauderdale, Fla., and Irvine and Palo Alto, Calif. For 27 years, Dresner Partners has provided financial advisory services to middle-market companies throughout the world, including institutional private placements of debt and equity,mergerand acquisitions advisory, financial restructuring & corporate turnarounds, valuations and strategic consulting services. Dresner Partners has extensive international and cross-border transaction experience and is a member of one of the world’s leading global mergers and acquisitions partnerships focused on the middle market. An affiliated company, Dresner Corporate Services, is a strategic communications firm specializing in public and investor relations. More information is available atwww.dresnerpartners.com. You can also follow Dresner Partners onTwitteratwww.twitter.com/DresnerPartners.
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Components in the Sale of Its Extruded Sheet and Profile Lens Business to Plaskolite.This article is a reprint of the press release.